VCT Board
The Board comprises Sir Aubrey Brocklebank as non-executive chairman and Stewart Ford and David Hurst-Brown as non-executive directors, all of whom are independent of the Investment Manager.
A summary CV for each of the Directors is shown below:
Sir Aubrey Thomas Brocklebank Bt, ACA
Sir Aubrey worked for Guinness Mahon from 1981 to 1986, initially in its corporate finance department before assisting in the establishment of a specialist development capital department. From 1986 to 1990 he was a director of Venture Founders Limited, managing a £12 million venture capital fund, which had been raised to invest in early stage ventures. He managed the Avon Enterprise Fund (a venture capital fund of £4.5 million investing in approximately 20 companies) from 1990 until all investments had been realised in 1997. He is on the board of eight other VCTs, Keydata AIM VCT plc, the AIM Distribution Trust PLC, Puma VCT PLC, Puma VCT II PLC, Puma VCT III PLC and Puma VCT IV PLC (all as chairman) and Pennine AIM VCT 6 plc and Close Second AIM VCT PLC (as a non-executive director only). He is and has also been a director of a number of companies, some of which are, or have been, quoted on AIM.
Stewart Owen Ford
Stewart is the managing director of Keydata Investment Services Limited and its parent company, Keydata UK Limited. Stewart’s experience in new media, design, advertising, marketing and financial services organisations led to his creation of Keydata UK Limited in 1997. At this point Keydata filled a gap in the market place for the provision of marketing and sales information to independent financial advisers. It acquired Keydata Investment Services Limited in May 2001 and under Stewart’s guidance the company is now established as a leading UK investment boutique with assets under management of £2.3 billion as at 31 October 2008.
David Hurst-Brown FSI
David worked for over 25 years in the investment banking industry starting as an investment analyst with Rowe and Pitman and becoming a partner of the firm in 1985. Following takeovers by SG Warburg and Swiss Bank Corporation and the subsequent merger with Union Bank of Switzerland, David ultimately was an executive director in the corporate finance division of UBS Warburg. In this capacity, amongst his various duties, he was responsible for establishing a smaller companies business unit. He was a consultant to UBS from 1999 to 2002 and at the same time was an adviser to techMark, the London Stock Exchange’s market for technology companies. Since then David has held a number of directorships of public and private companies including being a non-executive director of Keydata UK Limited.
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